ON 14th DEC 2010 - CAT ON THE WALL

SO MARKET OPENS OUR TARGET LEVEL OF 5985 (5980) LEVELS AND CAME DOWNSIDE WITH VOLATAILNESS AND CLOSES ABOVE 5920 LEVELS. SO MARKET TURNS POSITIVE. 

BUT CONSOLIDATION ALSO TODAY. SO VOLATAIL MOVEMENTS TODAY ALSO. SO TODAY ONLY INTRADAY BUY  or SELL LEVEL CAME DO THAT or WAIT WITHOUT TRADING .  

TODAY STRONG BUY IS ONLY ABOVE 6000 LEVELS. SO WITH IN 5930 - 5990 MARKET MOVES VOLATAILLY. SO BUYING IN THIS AREA IS NOT SAFE.

HEAVY RESISTENCE TO OUR MARKET AT 5990 LEVELS IF IT BREACHED THEN IT  MAY GOES  TO THE DIRECTION OF  6020  LEVELS TODAY.

HEAVY SUPPORT FOR OUR MARKET AT 5881 LEVELS IF IT BREACHED THEN IT  MAY GOES  TO THE DIRECTION OF  5848 - 5800  LEVELS TODAY.

ANY WAY 5930 IS A CRUCIAL POINT AND TURNING POINT TODAY. IF IT IS BREACHED DOWNSIDE THEN IT MAY GO DOWN OR ABOVE THIS MARKETS MAY GO UPSIDE.

RECOMMANDATION FOR TODAY :  

SELL NIFTY FUTURE AT 5880 S.L OF 5935  TARGETS ARE  5850, 5800.